1,615,068 Shares in MicroVision, Inc. (NASDAQ:MVIS) Purchased by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP bought a new position in shares of MicroVision, Inc. (NASDAQ:MVIS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,615,068 shares of the electronics maker's stock, valued at approximately $2,116,000. Hudson Bay Capital Management LP owned approximately 0.74% of MicroVision as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC raised its position in shares of MicroVision by 302.0% during the third quarter. Barclays PLC now owns 282,690 shares of the electronics maker's stock worth $322,000 after purchasing an additional 212,365 shares during the period. Synergy Asset Management LLC raised its stake in shares of MicroVision by 140.4% in the fourth quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker's stock valued at $38,000 after buying an additional 17,669 shares during the period. Caitlin John LLC purchased a new position in shares of MicroVision in the fourth quarter worth about $26,000. Lakeside Advisors INC. grew its position in shares of MicroVision by 19.4% in the fourth quarter. Lakeside Advisors INC. now owns 61,638 shares of the electronics maker's stock valued at $81,000 after purchasing an additional 10,000 shares in the last quarter. Finally, SRS Capital Advisors Inc. purchased a new position in MicroVision during the fourth quarter valued at approximately $66,000. Institutional investors own 30.90% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MVIS shares. D. Boral Capital cut their price objective on MicroVision from $3.00 to $2.50 and set a "buy" rating for the company in a report on Tuesday, May 13th. Westpark Capital reaffirmed a "buy" rating and issued a $2.00 target price on shares of MicroVision in a research report on Tuesday, March 25th. Finally, StockNews.com upgraded shares of MicroVision to a "sell" rating in a research note on Thursday, April 24th.

MicroVision Price Performance

NASDAQ MVIS traded up $0.02 during trading hours on Monday, hitting $1.14. 1,533,631 shares of the company's stock traded hands, compared to its average volume of 3,979,200. MicroVision, Inc. has a 52-week low of $0.80 and a 52-week high of $1.95. The firm's 50-day moving average is $1.21 and its 200-day moving average is $1.21. The company has a market capitalization of $282.91 million, a PE ratio of -2.77 and a beta of 2.04.

MicroVision (NASDAQ:MVIS - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The electronics maker reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The firm had revenue of $0.59 million for the quarter, compared to analysts' expectations of $2.25 million. MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%.

MicroVision Profile

MicroVision, Inc develops and sells lidar sensors and software used in automotive safety and autonomous driving applications. It offers a suite of light detection and ranging (lidar) sensors and perception; and validation software for automotive OEMs, advanced driver-assistance systems, and autonomous vehicle applications, as well as non-automotive applications including industrial, robotics, and smart infrastructure.